Top analyst Tyler Swope from popular crypto channel Chico Crypto identifies a potential mooning altcoin named Eden (EDEN) with promising exponential growth as it is solving one of the biggest problems on Ethereum: MEV (Miner Extractable Value).
Eden Network Overview
Eden (EDEN), previously known as Archer DAO (ARCH), describes itself as a blockchain platform for enterprises that aims to replace existing assets with blockchain-based tokens through smart contracts.
“They are the pioneers in the fight against MEV. Several projects have certainly popped up for this fight. But Archer was the first to market with products designed for miners to help them earn more revenue… and they also created the first MEV protected DEX for traders through ArcherSwap… long before CowSwap and Mistx and any other solution,”
According to Swope, in fact, ArcherSwap was the choice of Vitalik Buterin, the found and creator of Ethereum, when he made multiple millions of dollars in trades dumping the zillions of dog coins he was airdropped.
“When the founder of Ethereum uses your technology to protect himself… you know you have something good… he chose the technology of ArcherSwap…”
Benefits of Eden
The crypto KOL points out that Eden has grown beyond its original vision and can bring more value to the space beyond a few MEV protection products.
“They have evolved into a full-on ecosystem providing solutions and benefits for all stakeholders on Ethereum,”
Eden Network takes a user-focused approach to the MEV problem and includes stronger incentives for all stakeholders powered by the Eden token.
“They developed the Eden RPC, a revolutionary product for traders and users of Ethereum Dapps, they improved miner revenue, combatting the fees miners will lose through the EIP1559 upgrade, developed Eden Relay for bundled transactions, and are introducing a remarkable new Slot Tenant System for Eden Mined Blocks, providing rentable, priority block space for institutions, OTC, DEX’s and other DeFi protocols (a huge advancement in finding an answer to solving MEV).”
EDEN Utility
As Ethereum continues to grow in popularity, so do the number of MEV attacks that are being carried out on the network. The potential for malicious MEV on the network continues to be on the rise, and Eden Network plans to use this growth to its advantage.
“As MEV increases, the demand for priority block spaces also increases, and users will need EDEN tokens to rent priority block space. This, in turn, ensures consistent utility for EDEN over the long-term.”